Crypto predictions for 2023

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Last Updated on 6 November 2023 by CryptoTips.eu

It’s the end of the year and newscasts everywhere are showing a 2022 overview. At the same time, there is also some forecasting to be done for 2023. While people are eagerly awaiting the FTX lawsuit in the US, expect further adoption for Bitcoin and Ethereum as CBDCs seem to be on the rise.

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Bitcoin and Ethereum adoption continues

Although much depends on a possible rebound of equity markets, a further decline of global inflation rates and, lastly, a pause in the war between Russia and Ukraine, most analysts are convinced that further adoption of both Bitcoin and Ethereum by major institutional investors in 2023 will happen.

These two are still seen as the quality coins of the whole crypto industry (the 2022 Ethereum Merge is invariably mentioned as a positive signal) and so the outlook is still quite positive. Although opinions are divided as to how long the crypto winter will exactly last, it is agreed that younger investors especially are convinced of the usefulness of digital currencies, now that knowledge about inflation and money printing is growing.

More FTX drama

So Caroline Ellison, the former CEO of Alameda simply betrayed Sam Bankman-Fried (which we had long predicted) while the latter had to put up a $250 million bail bond to be able to wait for his trial at his parents’ house.

Americans will love the FTX court drama in 2023, especially since so many celebrities are involved. You can also expect a lot of news about this in the crypto industry next year, although it would have been better if we just knew already how long SBF should be in prison.

CBDC everywhere

China was the first major power to launch a CBDC (Central Bank Digital Currency), but the West’s rejection of the 2022 Beijing’s winter games meant that the launch of the E-Yuan was not exactly smooth sailing. We haven’t heard much about it since then.

Meanwhile, some 80% of all major central banks in the world are developing their own digital currency. The Bank of Japan is planning their rollout of the digital Yen in early 2023 and Turkey says it will do the same. The European Central Bank is slightly behind, but will certainly develop the legal framework to launch a digital Euro in the future. So you will hear a lot about CBDCs next year.

NFT and Metaverse

Furthermore, many hope for a revival of the NFT market in 2023 (Saturday Night Live introduced the Trump NFT collection to the general public last week) and Mark Zuckerberg of Meta (formerly Facebook) also still thinks that Metaverses are the future. There is certainly no lack of publicity for Metaverses, now just the development.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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